JAKKS Pacific (JAKK) Tops Q3 EPS by $1.67, Revenues Beat

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Go back to JAKKS Pacific (JAKK) Tops Q3 EPS by $1.67, Revenues Beat

JAKKS Pacific Reports Third Quarter 2020 Financial Results

November 2, 2020 4:00 PM EST

Substantial Progress on Improving Profitability

SANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the third quarter ended September 30, 2020.

Highlights

Third quarter 2020 net sales were $242.3 million compared to $280.1 million last year Excluding declines in Frozen and Disguise Halloween costumes, Q3 net sales were up 13% year-over-year Retail POS at top three accounts up 28% year-to-date Gross margin of 30.8%, up from 28.9%, an improvement of 190 basis points year-over-year driven by disciplined... More